Records are meant to be broken, and there is always something magical about the sublime moment when the record books need to be updated, especially in the world of sports. Apple polishers (pun not intended) would be pleased to hear that the company from Cupertino, California, is now officially the most valuable company of all time, period. Just this morning, its stock managed to push Apple’s overall value to $621 billion, which saw it surpass its longtime rival Microsoft’s record for market capitalization which was set during the highs of the Internet boom. This could be due to the hype surrounding the upcoming iPhone (which some have already dubbed it as the iPhone 5), not to mention the possibility of an iPad mini arriving in the market.
This is quite the achievement, considering just how earlier this January, Apple was deemed to be the 8th most valuable company in the world in terms of stock valuation. I guess you can say that on average, it climbed up the list one spot each month, with it being worth 53% more than its closest rival, Exxon Mobil Corp. Of course, these figures are just impressive to throw around, as you can never quite tell what will happen in the future. For instance, Microsoft, which was worth approximately $850 billion on December 30, 1999, after being adjusted for inflation, is now worth $257 billion.